Thread Starter: Anonymous
Title: Re: CTR Loan Payoff
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Borrower sold vehicle for $11,500, was paid cash. Loan payoff was $7,500 or so. He started counting it out and decided it was taking too long so just handed the whole stack to the teller. The remaining funds were given back to him and never ran through an account.
I've read several other discussions on this, and based on those, the relevant amount is the cash used to make the payoff, not the total handed to us, in this situation. If that is the case, I don't have a CTR to file.
How would you treat this?
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